In a wide-ranging interview with RCN Radio, leading Presidential candidate Iván Duque said he would save oil industry income from good years to have a reserve for the bad ones.
Julio Cesar Vera, President of the Colombian Association of Petroleum Engineers (Acipet), spoke about the current situation of the industry in Colombia, its relationship with communities and oil prices in an interview with La Silla Vacía.
Gas distributors Surtigas and Gases de Occidente and logistics company OPL announced an alliance to promote the use of Vehicular Natural Gas (VNG) in the cargo sector.
The National Hydrocarbons Agency (ANH) plans to carry out a new oil auction scheme to increase exploration and production in the country. This has generated expectation in investors, since it opens the possibility of exploring new areas in the country with great potential.
The Canadian Embassy organized a talk about social conflict in the Colombian oil sector. Presenting was Rafael Mateus, Director General of Portex Reputation Services. HCC was present at the event and we bring a brief summary of the meeting.
The La Lizama story will not die. The Inspector General’s office has opened investigations against a number of Ecopetrol (NYSE:EC) executives and against senior leadership in the ANH, the ANLA and the Santander regional environmental authority (CAS). Two ECP VPs have been suspended for three months.
Royalty money continues to be allocated to projects, but poor execution dulls its impact. A housing project in Arauca is the latest example. This story and others in our latest periodic summary of royalties-related stories.
While reporting on Frontera’s (TSX:FEC) results, we realized that we were continuing to tell an old story. It was time to tell Frontera’s story not one from the past.
As I said a few weeks ago, we are rereading / reediting / rewriting the peace-process summaries that we wrote from 2013 through mid-2017. A frequent writing error was to confuse singular and plural when referring to the FARC; ”the FARC is” versus “the FARC are”. I was reminded of this problem when reading our recent security summary.
Oil production in Colombia showed stable performance throughout 2017, but how have the main operators and producers in the country fared? The National Hydrocarbons Agency (ANH) recently reported 4Q17 figures per field and we updated our database to analyze oil companies’ production metrics.
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